Objective: The roundtable should become a platform for central banks and financial sector regulators to discuss challenges in building an effective system of strategic planning and development. This year, the Roundtable will focus on exchanging and sharing experience on the following topics:
- Challenges for and ambitions of financial sector regulators in a new geopolitics
- Inflation, uncertainty, recession: can they be managed?
- Cooperation between government institutions to achieve common goals
- Creating incentives for economic and financial sector development
- Ukraine recovery plan: suggestions and recommendations for financial sector regulators
- Digital services in a crisis period
Participants: representatives of central banks and financial market regulators, international experts.
Background:
In 2019, the National Bank of Ukraine (NBU) initiated a gathering of international experts to discuss challenges that most central banks are facing when building a sound strategic planning and development and share best practices of meeting them. The participants of the first Roundtable represented central banks of Armenia, Germany, France, Italy, Lithuania, Moldova, Nepal, Portugal, Tunisia, and Turkey. Topical issues discussed during the event were as follows: drafting a strategy, monitoring its performance, strategy implementation, and future of strategic planning.
In 2020, 25 representatives of central banks and financial market regulators from Armenia, Belgium, Cyprus, Germany, Hungary, Italy, Lithuania, Luxemburg, Moldova, North Macedonia, Poland, Slovakia, Spain, Sweden, and Tunisia attended the second Roundtable. Attendees of this on-line Roundtable presented their strategies, changes in their internal processes, key targets and priorities, results of strategy performance monitoring and of the current strategy cycle implementation.
2021 saw the biggest yet roundtable with 54 representatives from 22 countries, which expanded to encompass all financial sector regulators. The NBU presented its new Strategy 2025 and shared its experience on the drafting process. Participants discussed practical aspects of strategic development, as well as applying project instruments and process management for achieving strategic goals. Despite the fact that COVID-19 significantly affected the priorities and strategic cycles of central banks, their interest in digitization, automation and cyber security has even increased. The NBU has become a platform for sharing knowledge and experience in the area of strategic development in central banks, and it is important to hold an event on a similar topic and maintain communication with participants in 2022.
Therefore, we are continuing our tradition of arranging the Roundtable on Strategic Development of Financial Sector and are planning to focus on the topics mentioned above and have a panel discussion along with presentations from our participants.